Charles Hoskinson Praises Sui (SUI) and New Cryptos, Jeopardizing Cardano (ADA) Price

Charles Hoskinson, the founder of Cardano, has a reputation for being vocal about blockchain technologies. Recently, his statements about Sui (SUI) and new cryptos

Charles Hoskinson, the founder of Cardano, is known for making bold statements about blockchain technologies. Recently, his comments on Sui (SUI) and new cryptos have sparked discussion within the crypto community.

However, these statements may have also created a ripple effect among ADA holders, leading some to reconsider their positions and turn to projects that they believe offer better prospects. As a result, the Cardano price could face short-term challenges.

Rollblock: A Deep Dive into Gaming, Gambling, and Rewards

Among the emerging technologies that have become unmissable is Rollblock, which has captured the attention of both retailers and whales. Unlike traditional cryptocurrencies that focus primarily on DeFi or NFT markets, Rollblock integrates GambleFi within the gaming and gambling sectors.

More than just a token, Rollblock offers an entire ecosystem poised to disrupt the iGaming and casino industry. This ecosystem includes features such as an instant buyback and burn mechanism, a revenue sharing model for token holders, and fair gaming technology.

Within the platform, players can use $RBLK as gaming credits, gain access to exclusive areas, and earn rewards. It also provides staking opportunities for players to receive bonuses and rewards by engaging the ecosystem. Despite the competitive nature of the crypto-gambling market, Rollblock maintains regular audits and adherence to regulations.

With over $4.1 million already raised in presale, investors can now purchase $RBLK in the 7th stage of presale for $0.03. Analysts are already tipping Rollblock to be a 100x growth opportunity for those looking to diversify their portfolios. The platform incorporates a continuous reward mechanism that not only encourages loyalty but also enhances the overall gaming experience.

After Surpassing BGP, Sui (SUI) Nears All-Time High Following Triple-Digit Rally

While Hoskinson has expressed reservations about SOL, his view of SUI has been notably more favorable. He highlighted SUI’s commitment to decentralization, making it the first blockchain to integrate SCION for network validators after the Border Gateway Protocol.

Shortly after, SUI went on to clock a 116% increase in the past 30 days. In sync with this rally, SUI’s weekly trading volume also soared by 150%, while the asset experienced a 13% climb in value. According to data from CoinMarketCap, SUI is now less than 5% away from surpassing its March 27 all-time high.

However, the trend doesn’t stop there. Analysts are projecting a 230% growth if SUI can sustain support at $2.18. Community sentiments are currently bullish as SUU approaches a market cap of $6 billion.

Cardano Price Loses As Investors Turn to Alternatives

Cardano (ADA) is facing a wave of negative movement as Charles Hoskinson recently praised the technology behind new cryptos. As a result, many ADA holders have begun abandoning the token in favor of what they perceive as better alternatives.

In the past week, ADA has dropped by 6.3%, bringing its market cap down to $12.4 billion. Projections suggest that ADA could experience a further decline, with some analysts predicting a 15% decrease in value by the end of Q4.

In fact, the price of ADA could drop below $0.20 by year-end, as it trades -12.78% below the 200-day SMA.

Conclusion: SUI and RBLK Poised to Challenge ADA in the Long Term

Over the long term, both SUI and RBLK could pose a challenge to ADA’s market position. While SUI has launched a first-of-its-kind security protocol, Rollblock’s ability to merge DeFi and gambling opens a new frontier to profit opportunities.

Don't miss the exciting opportunities of the Rollblock (RBLK) presale now!

Website: https://presale.rollblock.io/

Socials:https://linktr.ee/rollblockcasino

The above is the detailed content of Charles Hoskinson Praises Sui (SUI) and New Cryptos, Jeopardizing Cardano (ADA) Price. For more information, please follow other related articles on the PHP Chinese website!